Novatek bought back 1.03 million shares on March 17-21

Novatek bought back 1.03 million shares including GDR's on March 17th-21st. Under the results of the period, Novatek’s GDR's (10 shares) reduced in price by 3.4% to $96.9 at LSE, and increased in price by 5% to 328 rubles at MICEX. By March 17th, Novatek bought back 10.33 million shares within the program.

At the beginning of June 2012, the Board of Directors of Novatek agreed the program for  thebuying back of is shares and GDR's for a total sum of $600 million. Initially they were going to limit the program to 1 year but at the end of May 2013 the Board prolonged the program for 1 year more, until June 7 2014, having remained unchanged the common volume of funds allocated for the shares buying back.